With the new year kicked off, you must have begun working on the goals you scrawled in your notebook in the last month of this year. Whether studying or vacationing abroad, no dream is impossible if you have a firm intention. At the same time, you must also take care of the practical aspects, which means funds, because big dreams come with a cost. Personal loans are your one-stop solution for all your New Year resolutions 2025. Before you turn away, thinking loans are not a viable option, take a few minutes to read the blog and then take a call!
Five personal loan benefits you should know
Many people have preconceived notions about personal loans, such as, “The application process is cumbersome and the processing time is too long.” or “The loan interest rates are extremely high.” Let us assure you that these are myths about personal loans. Learn about the five advantages of personal loans:
- Flexibility and versatility: Unlike a two-wheeler or car loan, where your fund usage is restricted to specific purposes, with personal loans, you can fulfil multiple goals simultaneously.
- Hassle-free application: Non-banking financial companies, such as Manba Finance, allow customers to apply for personal loans online and request minimal documentation, making the application process straightforward.
- Quick approvals and disbursals: Many personal loan companies fast-track the loan approval and disbursal process, releasing funds in their customers’ bank accounts within 48 hours.
- Completely collateral-free: Since personal loans are unsecured, you do not have to pledge any valuable assets, such as a car or home, against the funds. It is one of the most important personal loan benefits because you can remain stress-free during the entire repayment period without the looming fear of losing anything.
- Low interest rates: Contrary to popular belief, you can secure personal loans at low and affordable interest rates, especially if you have a stable income and a good credit score.
Personal loan for goals: A comprehensive list of all that you can achieve
As discussed earlier, you can allocate personal loan funds to achieve various New Year resolutions 2025. Let’s take a detailed look into everything now:
- Education: Upskilling can significantly boost your career, but pursuing higher education abroad or taking online certificate courses can be expensive. A personal loan can help you achieve your educational goals at any stage—after all, there’s no age for learning!
- Home: Does your home need waterproofing and repainting? Are you planning to remodel your room into your home office? Is there a dire need to renovate your bathrooms? Then, apply for a personal loan online and give your home the much-needed transformation.
- Business: Whether you want to fund your startup idea or expand your existing company to greater heights, a personal loan suits all business goals. Samira applied for a personal loan online with Manba Finance, secured an initial capital of 2 lakh rupees, and launched her personalized stationery startup.
- Travel: Taking a relaxing vacation with your friends and family has become essential in today’s fast-paced, stressful life. However, with the rising cost of living, spending your hard-earned savings on leisure activities can sometimes cause guilt and anxiety. A great solution to this is using a personal loan. For instance, in his mid-20s, Aranya used a personal loan from Manba Finance for his first international trip with friends. Thanks to affordable EMIs, he could comfortably manage the repayments, even with his entry-level salary package.
Ready to chase your New Year resolution 2025?: Learn to apply for personal loans
If you are ready for a personal loan but unsure where to begin, Manba Finance can be your reliable financial partner. You can get the required funds in your account in four easy steps to fulfil all your dreams.
Step 1: Make sure you are eligible
At Manba Finance, we have no-nonsense eligibility criteria for personal loans. You must be between 18 and 60 years old, an Indian resident, and have an operative bank account. Anything over that, such as a high credit score, is a huge plus!
Step 2: Have your documents in place
You must provide three documents: a photo ID, current residential proof, and the banking statement from the previous three months.
Step 3: Understand the terms and conditions
Before you apply for a personal loan, you must know how much loan you can borrow, what your loan tenure will be, how long it will take to process the loan, and whether there are any additional charges. You must also understand the interest rates and calculate the EMI to determine if you can comfortably manage the repayment without disrupting your budget.
Step 4: Apply for the personal loan online
Finally, you must fill out the online loan application form, providing basic details such as your name, contact, location, type of loan, and CIBIL score. After that, our team at Manba Finance will ensure lighting-fast loan processing!
Manba Finance has successfully funded many people’s dreams across India, and you can be next! Do you have any further queries before you apply for a personal loan for goals in 2025? Our team is just a message or call away!
